Morgan Stanley Sticks to Their Hold Rating for Sempra Energy (SRE)


In a report released today, Stephen Byrd from Morgan Stanley maintained a Hold rating on Sempra Energy (SRE), with a price target of $134. The company’s shares closed yesterday at $125.41, close to its 52-week high of $127.22.

According to TipRanks.com, Byrd is a 1-star analyst with an average return of -0.8% and a 54.1% success rate. Byrd covers the Utilities sector, focusing on stocks such as Pinnacle West Capital Corp, Public Service Enterprise, and American Electric Power.

Sempra Energy has an analyst consensus of Strong Buy, with a price target consensus of $130.75.

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Sempra Energy’s market cap is currently $34.33B and has a P/E ratio of 38.55. The company has a Price to Book ratio of 2.31.

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Sempra Energy is an energy-service holding company, whose operating units invests in, developing and operating energy infrastructure, and provides gas and electricity services to their customers in North and South America.

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